Recently VC-funded Mobile Data Technologies bought by US energy company
Mobile Data Technologies Ltd (MDT), a designer and builder of data acquisition and control systems for the oil and gas industry, has been bought by an unidentified U.S. energy services company. That report comes from merchant banking services firm The Kirchner Group. The firm did not disclose the financial terms of the transaction. The Acheson, Alberta-based MDT was less than four months ago the recipient of an undisclosed financing from Accelerate Fund LP, an angel co-investment fund managed by Canadian venture capital firm AVAC.
12 December 2013•2 mins read
